Transition Checklist

For use by REALTORS® when changing Brokerages

Call our Brokers, John Carter or Shane Parent, for a one-on-one career consultation, 780-439-7000 

 

After assisting dozens of REALTORS® from various career backgrounds successfully join RE/MAX River City, he will be able to answer any questions you may have. We will provide you with a full welcome package and transition checklist detailing everything you need to do, with timelines for each, to make it very easy for you. The office support staff are available anytime to assist you with questions as they arise as well.

  • Pick a “moving day”. Keep in mind notice period to your current brokerage, your current listings and pending deals.

  • Give notice to your current broker. Check your contract, commonly it is 60 days.

  • Discuss your move with all of your active clients and assure them of an easy transition and the benefits to them.

  • Contact all suppliers of Marketing & Advertising and have your rebranding organized with new marketing materials so you’re ready to go on moving day.

  • Meet with your new Broker to move your RECA License. They will assist you with the RAE, AREA, and CREA membership updates.

  • Relist any properties for sale after your membership status is updated to the new brokerage with RAE.

  • Remind yourself this is a business decision to take your business to the next level! Make sure to celebrate after too… have your new Broker take you for dinner.

FREE DOWNLOAD – CHANGING BROKERAGES GUIDE

Spacer

Spacer

Reactive Chasers VS. Strategic Entrepreneurs

In the real estate industry, there are two distinct types of agents. Reactive chasers tend to be swayed by shiny objects and quick fixes, while strategic entrepreneurs approach their business with a long-term vision and proactive mindset.

Choosing the Brokerage you work with is a critical decision for your real estate sales business. “You’re the average of the 5 people you spend the most time with” – Jim Rohn

It’s important that you find the right fit for YOU and YOUR goals. There are a variety of business models and options available in the market that serve all types of Associate’s businesses, from part time, virtual only, independents, boutiques and large franchises. There’s a place for all of them, your goal is to find the right place for you to accomplish your goals in this competitive industry.

Here are some important questions to ask any Brokerage before deciding if it’s right for you….

15 Brokerage Interview Questions

Most important to determine fit for your goals:

  1. What’s the average income of agents in your office last year? What’s the average commission per transaction in your brokerage? Is there any incentives or discounts I am required to provide to clients?
  2. How do you support joining or growing a team? Who is your most successful team?
  3. What are the fees I’m expected to pay the brokerage? What services are included? – Monthly? Annual? Per deal? Is there a cap?
  4. How does your brokerage benefit my clients? Help with Market Listings? Referral Network / Relocation? Client packages/Resource Materials? Any in Office Marketing Departments or Systems?
  5. What is the reputation of your brokerage within Edmonton and within the industry? Who has recently joined your brokerage that I can speak to as a reference? Where can I find online reviews from your brokerage’s clients?
  6. How do I access the broker or managers when I need deal support? How and what hours?
  7. Does the Broker compete with me as a selling agent?
  8. How many leads should I expect to receive from the office per month or year? How are leads distributed?
  9. What staff are available to help me and my clients? How long have they worked with the office and what’s their experience/knowledge? How/where do I contact them?
  10. How often do you pay agents their commissions and how do you pay them?
  11. What’s the culture of the office?
  12. . What technology/systems do you provide to agents? What is the added cost?
  13. What training is provided to help me improve my practice and stay current on trends and opportunities in the market? Are trainings hybrid and recorded? When is your next scheduled training and topic? Can I attend a future event as a guest? Can you provide a few examples of past training session recordings that are relevant to my business goals?
  14. Locations – Collaboration and Client Meeting Spaces. What are the staffed hours for clients dropping off deposits, picking up keys or documents? Do you offer private office space rental? What is the cost?
  15. What is the process for joining the brokerage? How much notice do I need to provide to my existing brokerage? How will you assist me with transferring my listings and client files?
FREE DOWNLOAD – 15 BROKERAGE INTERVIEW QUESTIONS

Spacer

Spacer

Schedule A Time Now

Let’s have a confidential chat about your goals and how we can help you achieve them.
You can book a time that works for you using our live calendar booking system below.

Have Questions? Contact The Broker Confidentially Below

What would you like to chat about?